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how much is 1 peso worth?
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<p>[QUOTE="satootoko, post: 173395, member: 669"]It depends entirely upon the dates, conditions. and country. (The peso denomination has been used by quite a few Spanish speaking countries at various times.)</p><p><br /></p><p>You have to realize, my young friend, that a questions like "what is a peso worth" simply can't be answered. You must provide enough information in your question to allow someone to figure out the answer.</p><p><br /></p><p>Often a country will "debase" its coinage by changing the composition. For instance, in 1964 the US changed its dimes (and other denominations) from 90% silver/10% copper to a copper-nickle "sandwich". The value of the metal in a 1964 dime is now nearly a dollar, and the value of the metal in a 2006 dime is a couple of cents. The metal value, known as the bullion or melt value, puts a floor on a coin's final value since no matter how worn it is, it's still worth the same melt.</p><p><br /></p><p>For world coins, the daily fluctuating exchange rate affects the minimium value as spendable money. </p><p><br /></p><p>As an example of this, a number of years ago Mexico devalued its currency so that one new peso was equal to 1,000 old ones. Your 5,000 peso bill (and the word "dollar" does not belong in that description) may have a face value of either 5,000 pesos (about $462), or 5 pesos (about 46¢)!</p><p><br /></p><p>But melt and face value are only the start of putting a value on a coin or a note. </p><p><br /></p><p>Depending on its rarity, and the number of people who collect that type of coin, a particular coin may be worth only the higher of face or melt, or it may be worth thousands of times that much. The grade (condition) of a coin also affects its value. There are many coins worth a dollar or two in low grade, but hundreds of dollars, or more, in the higher grades.</p><p><br /></p><p>With the large number of coins and bills you apparently have, you need to do three things: <ol> <li>To get a rough idea of the value of your US coiins you need a copy of the Red Book, available at Walmart, any bookseller, and many hobby shops for under $15. Although the specific values are always out of date, the Red Book is a very accurate guide to which ones have high values, and which ones don't.</li> <li>For valuation of your world coins you need to go to your public library and consult the Standard Catalog of World Coins. It is much too expensive to buy unless you are a dedicated world coin collector, but it is the best reference available for identifying and evaluating world coinage.</li> <li>For valuation of your bills and notes you need to look on the library shelf near the Standard Catalog of World Coins for the Standard Catalog of World Currency and the companion book on US currency.</li> </ol><p>Once you have identified your potentially valuabe coins or notes, you can ask a dealer how much he would pay, or post clear pictures here and ask our members.</p><p><br /></p><p>Quite honestly, many people are annoyed by qustions like the one you started this thread with, because they are simply not answerable without a great deal more information. Please go to the User CP and enable Private Messaging so members can communicate with you privately without showing their email addresses.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 173395, member: 669"]It depends entirely upon the dates, conditions. and country. (The peso denomination has been used by quite a few Spanish speaking countries at various times.) You have to realize, my young friend, that a questions like "what is a peso worth" simply can't be answered. You must provide enough information in your question to allow someone to figure out the answer. Often a country will "debase" its coinage by changing the composition. For instance, in 1964 the US changed its dimes (and other denominations) from 90% silver/10% copper to a copper-nickle "sandwich". The value of the metal in a 1964 dime is now nearly a dollar, and the value of the metal in a 2006 dime is a couple of cents. The metal value, known as the bullion or melt value, puts a floor on a coin's final value since no matter how worn it is, it's still worth the same melt. For world coins, the daily fluctuating exchange rate affects the minimium value as spendable money. As an example of this, a number of years ago Mexico devalued its currency so that one new peso was equal to 1,000 old ones. Your 5,000 peso bill (and the word "dollar" does not belong in that description) may have a face value of either 5,000 pesos (about $462), or 5 pesos (about 46¢)! But melt and face value are only the start of putting a value on a coin or a note. Depending on its rarity, and the number of people who collect that type of coin, a particular coin may be worth only the higher of face or melt, or it may be worth thousands of times that much. The grade (condition) of a coin also affects its value. There are many coins worth a dollar or two in low grade, but hundreds of dollars, or more, in the higher grades. With the large number of coins and bills you apparently have, you need to do three things:[list=1]To get a rough idea of the value of your US coiins you need a copy of the Red Book, available at Walmart, any bookseller, and many hobby shops for under $15. Although the specific values are always out of date, the Red Book is a very accurate guide to which ones have high values, and which ones don't.[*]For valuation of your world coins you need to go to your public library and consult the Standard Catalog of World Coins. It is much too expensive to buy unless you are a dedicated world coin collector, but it is the best reference available for identifying and evaluating world coinage.[*]For valuation of your bills and notes you need to look on the library shelf near the Standard Catalog of World Coins for the Standard Catalog of World Currency and the companion book on US currency.[/list]Once you have identified your potentially valuabe coins or notes, you can ask a dealer how much he would pay, or post clear pictures here and ask our members. Quite honestly, many people are annoyed by qustions like the one you started this thread with, because they are simply not answerable without a great deal more information. Please go to the User CP and enable Private Messaging so members can communicate with you privately without showing their email addresses.[/QUOTE]
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